Elliott Wave Analysis TradingLounge Daily Chart, Thursday, Sept. 21 

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Ethereum/U.S. Dollar (ETH-X)
ETHUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Flat
Position: Wave (C)
Direction Next higher Degrees: wave ((2)) of Motive
Wave Cancel invalid level: 1075.57
Details: Wave ((2)) trend move to 61.8% of wave ((1)) at 1483.10

Ethereum/U.S. Dollar (ETHUSD)Trading Strategy: Ethereum is Still in a downtrend, with the Price below MA200, and the structure still is a corrective of wave 4th in the Triangle pattern so when wave 4th is complete the price will fall again in wave 5th and may lead to 61.8% of wave ((1)) larger degree  at 1483.10 level

Ethereum/U.S. Dollar (ETHUSD)Technical Indicators: The price is a below the MA200 indicating a downtrend, RSI is a Bearish Momentum

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, Thursday, Sept. 21
Ethereum/U.S. Dollar (ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Triangle
Position: Wave 4
Direction Next higher Degrees: wave (C) of Flat
Wave Cancel invalid level:
Details:  the Movement within a triangle pattern

Ethereum/U.S. Dollar (ETHUSD)Trading Strategy: Ethereum is Still in a downtrend, with the Price below MA200, and the structure still is a corrective of wave 4th in the Triangle pattern so when wave 4th is complete the price will fall again in wave 5th and may lead to 61.8% of wave ((1)) larger degree at 1483.10 level

Ethereum/U.S. Dollar (ETHUSD)Technical Indicators: The price is a below the MA200 indicating a downtrend, RSI is a Bearish Momentum.

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